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![]() Office attendance crosses a new post-pandemic thresholdAbout Office Occupancy RatesOffice attendance just hit a milestone that would have seemed unlikely a year ago. The latest Kastle Back to Work Barometer posted its strongest readings since the pandemic began, with the week of December 8 delivering record highs across weekly averages and single-day peaks. Coming right after Thanksgiving, the data points to something more durable than a seasonal blip. Office usage is not only holding up. In some markets, it is quietly accelerating. The headline number matters. Occupancy across all tracked office buildings climbed to a 56.3 percent weekly average, the highest level since early 2020. That alone would be notable, but the gains were not limited to trophy assets. While A+ buildings once again led the market, the narrowing gap between premium space and the broader office stock suggests that attendance is rising across property types. A+ buildings rebounded to nearly 79 percent weekly occupancy, while overall buildings pushed past previous post-pandemic highs. This looks less like a flight to quality story and more like a broad-based return to routine. ...more RSK: Well, good news but the main takeaway here is office attendance has set a sort of equilibrium with hybrid work. It is a new era. | ||
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